Michael Cohn

Internal Revenue Service Commissioner Charles Rettig issued an order Friday transferring authority over denials of requests for tax appeals to the IRS’s Office of Chief Counsel, despite recent legislation creating an independent Office of Appeals at the IRS.

The board has brought in Holly Greaves, a former CFO at the EPA, as its new CFO, but not publicly announced the move.

Rep. Jimmy Gomez, D-Calif., introduced legislation Friday modeled after the estate tax bill sponsored in the Senate by Sen. Bernie Sanders, I-Vt.

The Internal Revenue Service is cautioning taxpayers and tax professionals to beware of a new twist on an old scam.

A drop in the number of job openings and in corporate optimism helped drive the AICPA’s Q3 2019 Personal Financial Satisfaction Index down slightly in the third quarter, but it remains near an all-time high.

The group who oversee the Financial Accounting Standards Board and the Governmental Accounting Standards Board, have begun a search for a new leader.

The bill that would force anonymous shell companies to disclose their actual ownership.

The U.S. labor market is showing some signs of a slowdown, according to a new report by payroll giant ADP.

Directors are too optimistic about their organizations’ ability to cope with major risks, according to a report from the Institute of Internal Auditors.

The Top 100 Firm has added a consulting firm in Reston, Virginia, that provides cybersecurity, digital forensics and business intelligence services.

The Regional Leader has expanded its presence in its home base of Indianapolis.

Companies lack adequate anti-fraud staff and resources and are seen as more likely to fall prey to fraud than in the past, according to a new report.

Environmental, social and governance reporting is filled with competing sets of rules, according to accounting standard-setters and experts.

The board approved proposals to delay the effective dates of its leases, credit losses, hedging and long-duration insurance contract standards.

The International Federation of Accountants issued a report indicating strong support for international accounting and auditing standards, particularly in areas where IFAC member organizations are involved in the process from beginning to end.

The American Institute of CPAs’ Financial Reporting Committee has sent a letter to the Financial Accounting Standards Board questioning the costs and benefits of FASB’s current goodwill impairment model.

The Securities and Exchange Commission has named Rebekah Goshorn Jurata, a special assistant to the president for financial policy on the White House’s National Economic Council.

The Internal Revenue Service has issued a second early draft version of the new Schedule 1 for next tax season’s Form 1040 to include a question up top about whether a taxpayer has sold, received, exchanged or acquired cryptocurrencies such as Bitcoin or Ethereum.

Economic confidence among accountants worldwide dropped to its lowest level in eight years during the third quarter, according to a new report from the ACCA and the IMA, although it improved slightly in the U.S. and the U.K.

The Top 100 Firm has expanded its presence in the Milwaukee area.